08 February, 2017

Putin signs law on ratifying deal with Ankara on Turkish Stream gas pipeline

Russian
President Vladimir Putin has signed a law on the ratification of the
agreement with Ankara on the Turkish Stream gas pipeline.

The lower
house of the Russian parliament, the State Duma, ratified the
agreement on January 20, while the upper house, the Federation
Council, ratified the document on February 1.

Moscow and
Ankara signed an intergovernmental agreement in October 2016
envisioning the construction of two underwater legs of the gas
pipeline in the Black Sea. The annual capacity of each leg is
estimated to reach 15.75 billion cubic meters of natural gas.
Pipe-laying work for the Turkish Stream is expected to begin in 2017
and end in late 2019.